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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: George J. Tromp who wrote (3800)2/8/1998 9:15:00 PM
From: Famularo   of 7966
 
George, nice to have you back. It is indeed too early but has more info gets released from Ashton, I'll have more data to confirm my points. It is still believed by many that a mine in Alberta would cost less than a mine in NWT. Once we have the gem quality numbers, we'll be in a better position to assess this play. It is still a top pick by many analysts for speculative accounts and I am a speculator so I am hanging around and having fun. In my opinion, this is a deja vu for myself going back to the early 90's play in NWT. Some will succeed and some will not. Ashton is indeed 62% owned by Ashton Australia and I like to believe that they have a very strong and experienced management team in Australia and have allowed Ashton Canada to shift their priorities from Cross Lake, NWT to Alberta. I think they did that for a reason. Once they release their 1998 exploration plans, we will have a better feel on how strong they believe in Alberta. Let us all remember that Ashton Canada does not proceed with anything without approval from their parent company.
Who knows, they may decide to abandon their exploration in Alberta and go back to NWT or proceed with 1000t bulk sampling. I hope they don't proceed with 1000t bulk sampling unless they know they have a VERY good chance of success. <eom>

regards
Frank Famularo
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